Posted by JMS/.MN on April 01, 2013 at 22:46:29 from (209.237.125.241):
In Reply to: Re: OT---Trusts posted by George Marsh on April 01, 2013 at 17:01:48:
We put everything in a revocable trust a couple of years ago. Created two trusts, each spouse has an undivided half interest in the assets. Surviving spouse has control of the entire trust, which goes to the children after the death of the surviving spouse.
Yes, if the minor stuff of personal property, not in the trust, exceeds $50,000, it does go into probate court. So....just include all the little stuff so it does not exceed 50 grand. There were trust fees at the County, along with lawyer fees, total was about two grand, but simplifies the kids expense and issues.
Bottom line, without us doing the trust.....kids would lose big-time when settling the estate. We eliminated probate and much more for them. We also set up the trust so each of the kids has responsibilities in the settlement.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Women and Tractors - More Views From the Farmer's Wife - by Teri Burkholder. The top ten reasons why the judges wouldn't let you participate in the stock antique tractor pull: Hey, this is stock! It came with that V8 in it! That "R" on my tires stands for "really old" not radial! Blue gas? We thought it was a pretty color! What wire hooked to my throttle?
... [Read Article]
Latest Ad:
Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.